Cyprus votes down confiscation tax. EU/IMF forced to "eat crow".
Wow. EU steals 10% of bank deposits in exchange for bailout
- Thread starter Grandluxe
- Start date
Cyprus votes down confiscation tax. EU/IMF forced to "eat crow".
Thay have not eaten crow yet, my guess is that when push comes to shove either Gazprom will own Greek part of Cyprus ( Southern Cyprus) i.e. known as Cyprus or Greek Cypriots will relent at the 11th hour as they have no hope of raising cash elsewhere. You see in Iceland they let the banks go bust because prior to heady 2000s they had no banking sector to speak of however in Cyprus banking and tourism has always been the mainstays of the economy i.e. they need banking for future generations.
I wonder who are the bond holders of these insolvent banks in Cyprus.
About 44 million people in the US have no health insurance, and another 38 million have inadequate health insurance. This means that nearly one-third of Americans face each day without the security of knowing that, if and when they need it, medical care is available to them and their families.
Who is alive and who is dead?
oh, it's available, no waiting, the question is who is going to pay for it?
I know a cook/chef who makes $15.00/hr who spent a month in the hospital and has an operation every 6 months. So far he has racked up 220k in medical bills. They never turn him away. He visits a a specialist every 3 weeks.
If he ever gets healed, he will just declare medical bankruptcy.
Only problem is, his medication comes to $600/mo, and that must come out of his pocket.
if anything it shows that small countries with over sized banking sectors are not a good bet at all i.e. Switzerland, so far Iceland let its banks go bankrupt hurting thousands of small depositors in Britain & Holland and Cyprus is now attempting to tax the depositors. Your money is safest in the large developed nations with relatively smaller banking sectors ( in relation to their GDP) eg US, Germany etc..